Sports betting can add a little spice to any sports event you like to watch. It is a great way to add action to any game, but let’s be honest, you want to win that bet too. In this article, we are going to take a look at some ways that you can increase your odds both of winning and of having fun while wagering on sports.
o Check your emotions at the door! No matter whether you are taking players in a fantasy pool or betting the money line in the playoffs, if you want to win you will probably have to leave your personal feelings out of things. It is very hard for a true sports fan to be a good sports bettor, simply because you WANT your team to win. It can feel disloyal or unfaithful to bet against them. Realistically, though, your team won’t win every time. Look at things factually, not fanatically!
o Be prepared to lose: Never get in over your head when it comes to sports betting. Too many people make losing bets, and then “chase” that loss with more money in order to make it up. Some days, you will just have bad luck, no matter how knowledgeable you are about the game. This is true even of so called “professional” sports bettors. Set a limit for yourself, either in dollars or in games bet on (or both!) and stick to it. Anything else is a recipe for financial disaster!
o Do your homework: If you really want to be a successful when it comes to sports betting, then you want to be as knowledgeable as possible. That means doing your homework before placing a bet on a game. Know how well the team plays with certain players in certain positions, and take that into consideration as you wager. Injuries, past records against the other team, and a number of other factors will also all come into play. Knowing your stuff increases your odds of winning!
o Understand you are betting against other people, not on the team! One thing a lot of people fail to realize when it comes to betting on sports is that they are not actually betting on a team’s odds of winning. They are called “odds”, but in fact the numbers reflect the amount of people betting on a team and not the team’s actual chances of winning a game. Thus, you could have a team that has lots of betting fans but which actually sucks, and they could look like the favorites. The sports books will reflect the betting fans and not the situation, which can mean you can find some sweet prospects if you know who the fan favorites are.
o Take advantage of different options: It’s never a good idea to put all tiny bet of your eggs in one basket as far as sports betting. Don’t take just one Sunday night football game and wager your weekly stipend on the outcome of that spread. Instead, spread the money around a bit in order to compensate for bad luck.
o Avoid bad bets: Know when a bet is too steep to risk. For example, if everyone is betting the money line on one team, the proposed payout will go down considerably when compared to the actual bet. A big favorite may mean you have to bet $350 or more in order to win just $100. It’s too big of a risk, and you stand to lose too much. Even if you feel sure, look elsewhere. Avoid sucker bets like the plague!
We can’t guarantee that following all these tips will mean you make a pile of cash betting on sports events. What we can guarantee is that if you pay attention to what we said above, you stand a better chance of making some money, and keeping sports betting fun.